Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/120834
Authors: 
Mukoyama, Toshihiko
Patterson, Christina
Şahin, Ayşegül
Year of Publication: 
2014
Series/Report no.: 
Staff Report, Federal Reserve Bank of New York 689
Abstract: 
We create a novel measure of job search effort starting in 1994 by exploiting the overlap between the Current Population Survey and the American Time Use Survey. We examine the cyclical behavior of aggregate job search effort using time series and cross-state variation and find that it is countercyclical. About half of the countercyclical movement is explained by a cyclical shift in the observable characteristics of the unemployed. Individual responses to labor market conditions and drops in wealth are important in explaining the remaining variation.
Subjects: 
job search
time
use
business cycles
JEL: 
E24
E32
J22
J64
Document Type: 
Working Paper

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